What is A Company?
A company abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective.
Company members share a common purpose and unite to achieve specific, declared goals.
Requirements For Opening Up A Company In Uganda
Search for the business name.
Reserve the Business Name.
Obtain a Certificate of Incorporation.
Obtain an Investment License.
Obtain a Taxpayer Identification Number (TIN).
Obtain a Trading License.
Register with National Social Security Fund (NSSF).
Make a Company Seal.
How much does it cost to Open Up A Company In Uganda?
| Service | Details | Costs (Ugx. & US$) |
|---|---|---|
| Continuous filing on companies | Registration of Documents | 20,000/= |
| Company Resolutions | 20,000/= | |
| Company Forms | 20,000/= | |
| Stamp duty on transfer of shares | 1.5% of the amount being transferred | |
| Registration of transfer of shares | 20,000/= Plus 1% of the amount of shares being transferred | |
| Annual Returns | 50,000/= | |
| Registration Of Legal Documents | Powers of Attorney and Constitution | 50,000/= |
| Affidavits and Statutory Declarations | 30,000/= | |
| Other Services | Search Fees | 25,000/= |
| Certification of company documents | 20,000/= | |
| Registration | Registration Fees | 24,000/= |
| Change of particulars | 10,000/= | |
| Search | 2,000/= | |
| Filing Fees | 1,000/= per copy | |
| Cancellation of Entry | 5,000/= per copy | |
| Change of Address | 5,000/= per copy | |
| Rectification or register | 10,000/= per copy | |
| Notice of cessation | 10,000/= per set | |
| Certification | 5,000/= | |
| Incorporation of Companies with Share Capital | Name Reservation | 20,000/= |
| Registration fees of the nominal capital of 1M-5M | 50,000/= | |
| Registration fees of nominal capital exceeding 5M | 1% of Share Capital | |
| Stamp duty | 0.5% of share capital on new companies with share capital above 5M | |
| Foreign Companies | Registration of certified copy of memorandum or equivalent | $250 |
| Any other document (forms) | $55 | |
| Certification, per copy | $10 | |
| Registration of Charges | Registration of mortgage/charge | 50,000/= |
| Registration of a series of debentures | 50,000/ | |
| Inspection of register | 20,000/= | |
| Registration of receiver or manager of the property | 25,000/= |
How long does it take to register a Company In Uganda?
Here, you need to take employer forms and employee forms for registration, and this may take up to 1-7 days and is cost-free of charge.
Note that NSSF is for all companies registered as private or limited by share capital.
Where can I register a Company In Uganda?
The Bureau is mandated under the Uganda Registration Services Bureau Act Cap 210 to register all business entities in Uganda which are required by law to be registered.
The Directorate of Business Registration is responsible for the registration of: Public/Private companies.